Peel L&P and Your Housing Group (YHG) have secured planning permission for a 31 storey development that will bring 278 new homes to Liverpool Waters.

Patagonia Place is the fifth residential building to be added to Princes Dock, one of five neighbourhoods at the £5 billion waterfront development of Liverpool Waters.

As the biggest single regeneration project in the history of Liverpool, and one of the largest in Europe, the area offers 2,000,000 sq.m of floorspace which will include a total of 9,000 residential homes, 315,000 sq.m. of business space and 53,000 sq.m. of hotel and conference facilities.

The waterfront project will also be home to a new cruise liner terminal, a new Isle of Man ferry terminal currently under construction and the proposed new Everton FC stadium.

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The residential development of Patagonia Place has been designed by Faulkner Chester Hall, with Arup providing planning consultation and Vermont in line to build the project.

Darran Lawless, development director at Peel L&P's Liverpool Waters said: "It's fantastic to have reached this significant milestone, after a huge amount of work in collaboration with Your Housing Group, our advisory team and contractor Vermont, that has gone into securing planning consent.

"We're delighted with the progress made across Liverpool Waters and this is yet another incredible residential development, adding to the existing schemes delivered at Princes Dock creating more quality homes, securing local jobs and investment in an enviable waterfront location, right here in Liverpool city centre."

Lorraine Donnelly, development director at Your Housing Group added: "Your Housing Group has remained committed to delivering this development at Liverpool Waters, and to reach this milestone with Peel L&P is a great achievement for everyone involved. This is a really exciting project for YHG. To have a development on the iconic Liverpool waterfront offering high-quality apartments with incredible views of the Mersey is something that we are extremely proud to be part of. We can't wait to get started on site."

(JG)